Took some ticks from the first three, exits on the swing high after the entry bar. Fourth one ran to target.
With this kind of move you’re obviously better off to hold until a technical exit signal. But I don't trade that way anymore so I don't get the whole move.
Moves like this don't happen all that often, although they do seem to be happening more lately.
I sim traded the YM today in a similar manner today. Stayed on the right side of the trend. Took what it gave me. Never over-stayed my welcome. Happy with it.
Your magic blue bars reminded me of an indicator that I had a guy program for me last year. I dug it out, tweaked the settings and then used a little common sense price action entries. Simple stuff works....sometimes.
5 comments:
Nice trades Solfest. Catch 'em all?
Took some ticks from the first three, exits on the swing high after the entry bar. Fourth one ran to target.
With this kind of move you’re obviously better off to hold until a technical exit signal. But I don't trade that way anymore so I don't get the whole move.
Moves like this don't happen all that often, although they do seem to be happening more lately.
I sim traded the YM today in a similar manner today. Stayed on the right side of the trend. Took what it gave me. Never over-stayed my welcome. Happy with it.
Nice, I have been trading the TF (the old ER2) for a week or so.
Well let me re phrase I have taken a couple of trade on the TF.
Still playing with the ATR, stop, and target numbers.
Your magic blue bars reminded me of an indicator that I had a guy program for me last year. I dug it out, tweaked the settings and then used a little common sense price action entries. Simple stuff works....sometimes.
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